Michaywe Owners Association
- Assets
- $7.0m
- Revenue
- $1.0m
- Investments
- $2.0m
- Employees
- 73
- Location
- Gaylord, MI
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 23-7154156
Organization Overview
Michaywe Owners Association is located in Gaylord, MI. The organization was established in 2000. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Michaywe Owners Association employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michaywe Owners Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Michaywe Owners Association generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF SOCIAL WELFARE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF SOCIAL WELFARE AND RECREATION FOR OVER 1,700 MEMBERS OF THE HOMEOWNER'S ASSOCIATION AND THE GENERAL PUBLIC.
UNRELATED BUSINESS INCOME & RELATED EXPENSES/SEE FORM 990T
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Jersey Director | OfficerTrustee | 5 | $0 |
Sara Miller Director | OfficerTrustee | 5 | $0 |
Tom Youatt Director | OfficerTrustee | 5 | $0 |
Greg Colton President | Officer | 8 | $0 |
Dan Kobylinski Treasurer | Officer | 5 | $0 |
Tom O'connor Vice Preside | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,002,095 |
| Investment income | $9,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,399 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,029,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,075 |
| Payroll taxes | $32,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,299 |
| Fees for services: Accounting | $22,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,060 |
| Advertising and promotion | $14,131 |
| Office expenses | $80,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,945 |
| Travel | $5,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,705 |
| Insurance | $58,941 |
| All other expenses | -$13,400 |
| Total functional expenses | $1,000,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,314 |
| Savings and temporary cash investments | $311,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,839 |
| Net Land, buildings, and equipment | $4,342,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,965,782 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,420 |
| Total assets | $6,954,996 |
| Accounts payable and accrued expenses | $6,695 |
| Grants payable | $0 |
| Deferred revenue | $584,012 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,091,655 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $161,660 |
| Total liabilities | $1,844,022 |
| Net assets without donor restrictions | $4,799,074 |
| Net assets with donor restrictions | $311,900 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,954,996 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Solutions Cleveland, OH | $1,275,833 | $5,883,143 |
Inter-Cooperative Council At The University Of Michigan Ann Arbor, MI | $7,729,338 | $3,478,855 |
Easton Association Inc Columbus, OH | $1,520,434 | $3,359,729 |
Candlewood Lake Association Inc Mount Gilead, OH | $7,507,877 | $2,998,058 |
Sugar Springs Property Owners Association Inc Gladwin, MI | $5,130,736 | $3,024,373 |
Apple Valley Prop Owners Assn Inc Howard, OH | $6,573,707 | $2,934,345 |
Csl Community Association Inc North Vernon, IN | $4,686,607 | $1,182,975 |
Bangor Homes Non-Profit Housing Corporation Bay City, MI | $3,825,116 | $1,683,602 |
Martin Chapel Housing Corporation Fraser, MI | $1,902,979 | $1,321,649 |
Delaware Housing Corp Columbus, OH | $2,741,729 | $1,297,974 |
Greater Grace Temple Non Profit Housing Corp Detroit, MI | $1,696,809 | $901,507 |
William E English Foundation Indianapolis, IN | $7,061,359 | $1,037,570 |